TNB Anticipates Reduction in ICPT Receivables Amid Easing Coal Price, Strengthens Cash Flow Position
Tenaga Nasional Berhad (TNB) is likely to see a decline in its Imbalance Cost Pass-Through (ICPT) receivables, attributing this positive trend to moderating coal prices. This development significantly enhances TNB's working capital, consequently boosting its cash flow, and improving gearing levels in 2023, according to TNB President and Chief Executive Officer, Dato’ Indera Ir. Baharin Din.
Easing coal price strengthens TNB cash flow position and gearing level
The global reduction in coal prices, combined with TNB's proactive approach to enhancing revenue collection, has positioned the company for an improved cash flow outlook. This is further supported by the RM6 billion government-guaranteed loan to stabilise the energy industry. These factors collectively contribute to TNB's strengthened cash flow position and gearing level in first half of 2023 (1H2023).
“TNB’s prudent capital management enables the company to reward the shareholders with an interim dividend of 18 sen, which accounts for 49.4% of the Adjusted Profit After Tax After Minority Interest (PATAMI),” Baharin said during a recent analyst briefing on the Group's second-quarter financial results.
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